Question: $ 18,000.00 $ 3. Consider the following data for Goodcare Hospital for the fiscal year 2017 Acct. No. 102 103 205 206 403 404 405
$ 18,000.00 $ 3. Consider the following data for Goodcare Hospital for the fiscal year 2017 Acct. No. 102 103 205 206 403 404 405 US 24,000.00 5,620.00 Temporary Investments Accrued Interest Receivable Deferred rental income Deferred tuition income Interest Income Rental income Tuition Income s $ Additional information is as follows: 1. On December 1, 2017, the hospital received a year's rent in advance. (2 journal entries) 2. On September 1, 2017 the hospital received 10 months tuition income for its Radiography program (2 journal entries), 3. The hospital invested in 10% U.S. treasury bills for 18,000 as Temporary investments on July 1, 2017 0.01 For each of the above transactions, prepare the initial transaction entry AND the adjusting entry (30 points) Remember to use dates for the transactions Use the appropriate adjusting entry date. 12-1-2017 Cash 18000 6000 Accrued interest Prec 18000.00 X 4/12-6000
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